Save on 1990 Mercedes-Benz 500-Class Car Insurance Rates

Have you fallen victim to an underperforming, overpriced insurance policy? Trust us when we tell you you’re not alone. Insurance companies such as Allstate, Liberty Mutual and State Farm promote their brand names with ads and it is challenging if not impossible to see through the cute green geckos and mayhem and take the time to shop coverage around.

It’s important to check insurance prices occasionally because rates are rarely the same from one policy term to another. Despite the fact that you may have had the best rates for 500-Class insurance last year you can probably find a better price now. You can find a lot of misleading information regarding insurance on the web, but I’m going to show you some tested techniques to stop overpaying for insurance.

If you have a policy now or need new coverage, you can use this information to shop for the lowest rates while maintaining coverages. Finding affordable coverage is easy if you know what you’re doing. Vehicle owners only need to know the most effective way to buy car insurance online.

How to Compare Insurance

Lowering your 1990 Mercedes-Benz 500-Class insurance rates is surprisingly easy. The only requirement is to spend a few minutes comparing rate quotes from different insurance companies. This can be accomplished in a couple of different ways.

  1. The first (and easiest) way to get quotes for comparison would be an industry-wide quote request form like this one (opens in new window). This type of form eliminates the need for separate quotes to each individual insurance company. Filling out one form gets you coverage quotes from many national carriers.
  2. A different way to analyze rates requires a trip to each company’s website and complete a new quote form. For sake of this example, we’ll assume you want comparison quotes from State Farm, Safeco and Progressive. To find out each rate you need to spend time on each company’s site and enter your policy data, and that’s why the first method is more popular.

    For a list of links to insurance companies in your area, click here.

It’s your choice how you get your quotes, but be sure to compare apples-to-apples information with every price quote. If you are comparing higher or lower deductibles you will not be able to truly determine the lowest rate.

Take advantage of discounts

Companies offering auto insurance do not list all their discounts very well, so the following is a list of both the well known and the more hidden savings tricks you should be using. If you don’t get every credit you qualify for, you are paying more than you should be.

  • Auto/Home Discount – If you insure your home and vehicles with one insurance company you could get a discount of up to 20% off your total premium.
  • Sign Online – Some insurance companies may give you up to $50 for buying a policy and signing up on their website.
  • Passive Restraint Discount – Vehicles equipped with air bags and/or automatic seat belt systems can qualify for discounts of more than 20%.
  • Drivers Education – Make teen driver coverage more affordable by requiring them to enroll in driver’s education in high school.
  • Multi-car Discount – Buying coverage for more than one vehicle with the same company could earn a price break for each car.
  • Pay Now and Pay Less – If paying your policy premium upfront instead of paying each month you may reduce your total bill.
  • Homeowners Discount – Simply owning a home can help you save on car insurance due to the fact that maintaining a home is proof that your finances are in order.

Consumers should know that some of the credits will not apply to your bottom line cost. Most only cut the price of certain insurance coverages like collision or personal injury protection. Even though it may seem like you could get a free car insurance policy, companies don’t profit that way.

To see a list of insurance companies with the best car insurance discounts, click here to view.

Why your Mercedes-Benz 500-Class insurance rates may be high

It’s important that you understand the different types of things that play a part in calculating your insurance rates. Knowing what impacts premium levels allows you to make educated decisions that will entitle you to lower insurance prices.

Shown below are a partial list of the pieces companies use to determine prices.

  • Occupation reflects on rates – Did you know your job can affect your rates? Jobs such as judges, business owners and stock brokers are shown to have the highest rates in part from stressful work requirements and lengthy work days. On the other hand, jobs such as farmers, students and homemakers pay the least for 500-Class insurance.
  • Special features that cut premiums – Choosing a vehicle that has an advanced theft prevention system can save you a little every year. Anti-theft devices such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can thwart your car from being stolen.
  • Do you need those extra coverages? – There are a ton of additional coverages that can waste your money on your insurance policy. Insurance for personal injury protection, accident forgiveness and motor club memberships may be wasting your money. These coverages may sound good at first, but if you don’t need them eliminate the coverages to reduce your premium.
  • A clean driving record saves money – Only having one speeding ticket may increase your cost by as much as thirty percent. Drivers with clean records get better rates than people who have multiple driving citations. Drivers with severe tickets such as hit and run, DWI or reckless driving convictions are required to file a SR-22 with their state DMV in order to drive a vehicle legally.

How to know if you need help

When choosing the right insurance coverage for your vehicles, there isn’t really a best way to insure your cars. Each situation is unique and a cookie cutter policy won’t apply. These are some specific questions might point out if you will benefit from professional help.

  • I don’t drive much so do I pay less?
  • Does my car insurance cover rental cars?
  • Which companies will insure high-risk drivers?
  • What can I do if my company denied a claim?
  • When should I not file a claim?
  • Should I buy additional glass protection?
  • What if I owe more than I can insure my car for?
  • Does insurance cover damages from a DUI accident?
  • Am I covered by my spouse’s policy after a separation?
  • Can I get a multi-policy discount for packaging my home and auto coverage?

If you can’t answer these questions then you might want to talk to a licensed insurance agent. To find lower rates from a local agent, simply complete this short form or you can go here for a list of companies in your area. It only takes a few minutes and may give you better protection.

Save 15 percent in 15 minutes? Is it for real?

Consumers can’t ignore all the ads for car insurance savings by companies like 21st Century, Allstate and State Farm. All the companies make an identical promise that you’ll save big if you switch to them.

But how can every company make the same claim? It’s all in the numbers.

Insurance companies can use profiling for the driver that makes them money. An example of a preferred risk might be profiled as a mature driver, has no tickets, and chooses high deductibles. A customer who meets those qualifications will get the preferred rates and most likely will cut their rates substantially.

Consumers who don’t qualify for these standards will be quoted higher rates and ends up with business going elsewhere. The ads state “people who switch” not “everybody who quotes” save money. That is how companies can truthfully state the savings. This emphasizes why it is so important to get quotes from several different companies. Because you never know which company will fit your personal profile best.

Insurance coverages and their meanings

Learning about specific coverages of insurance aids in choosing which coverages you need and the correct deductibles and limits. The coverage terms in a policy can be ambiguous and coverage can change by endorsement. Below you’ll find the usual coverages available from insurance companies.

Coverage for medical payments – Medical payments and Personal Injury Protection insurance reimburse you for bills such as surgery, rehabilitation expenses, dental work, hospital visits and EMT expenses. They can be used to fill the gap from your health insurance program or if you are not covered by health insurance. It covers not only the driver but also the vehicle occupants in addition to any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states and may carry a deductible

Collision coverages – Collision coverage covers damage to your 500-Class from colliding with an object or car. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage protects against claims like colliding with another moving vehicle, crashing into a building, damaging your car on a curb and sideswiping another vehicle. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to choose a higher deductible in order to get cheaper collision rates.

Uninsured and underinsured coverage – This provides protection when the “other guys” either have no liability insurance or not enough. This coverage pays for injuries to you and your family and also any damage incurred to your Mercedes-Benz 500-Class.

Since many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Liability coverage – Liability coverage can cover damages or injuries you inflict on other people or property in an accident. It protects you from claims by other people, and does not provide coverage for your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 50/100/50 that means you have a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and a limit of $50,000 paid for damaged property.

Liability can pay for things such as bail bonds, emergency aid, repair bills for other people’s vehicles and structural damage. The amount of liability coverage you purchase is a personal decision, but buy higher limits if possible.

Comprehensive coverages – This coverage pays to fix your vehicle from damage that is not covered by collision coverage. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive insurance covers claims such as rock chips in glass, hitting a deer, a tree branch falling on your vehicle and hitting a bird. The maximum payout you’ll receive from a claim is the market value of your vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Find Good Coverage for Less

We just covered quite a bit of information on how to lower your 1990 Mercedes-Benz 500-Class insurance rates. It’s most important to understand that the more quotes you get, the more likely it is that you will get a better rate. Drivers may discover the best price on auto insurance is with a company that doesn’t do a lot of advertising. These smaller insurers may only write in your state and offer lower rates than their larger competitors like Geico and State Farm.

When shopping online for auto insurance, make sure you don’t reduce coverage to reduce premium. There are too many instances where someone dropped full coverage and discovered at claim time that it was a big mistake. Your goal should be to get the best coverage possible at an affordable rate.

Additional auto insurance information is located at the links below